Ewj: elliott wave

The most bullish count is a 1)-2)-1-2-.1-.2 count :) .
If the Market manage to get to new high, it may be the third sub-subwave of the third subwave of the third wave which is usually the strongest wave :D .
The SELL Signals will turn into a very big Bear Trap :eek: .
Shorts will be wiped out, if ................. :( ,
else there may be some correction :confused: .

Stress test 101: How will the 19 banks do?
http://money.cnn.com/galleries/2009/news/0904/gallery.stress_test/index.html
 

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Quote from Mup
... if it wants to be awkward , it can waste time morphing into a larger (b)
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Still would like to see that move back down for the (c)...

see what you think :)

240min Globex

EDIT... Seems there trying for the 887 stops first
 

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Seems like the LD wave 5 isn't quite finished...
They may try and push for the 161.8% around 904.5 with Euroland on hoilday....

SPX 240
 

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This last new high may be Wave 1)5.5:5v,
target for small measured move = 902,
target for large measured move = 903,
target for Wave .3 measured move = 908.
This may be a Bear trap :confused: .
 
Quote from Mup:

I bet Mike's enjoyed Coal today :)
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Goldman Sachs upgraded the coal sector from neutral to attractive, which they initiated coverage on a little less than a month ago at "neutral" - - - citing Nat-Gas as the place to be.

Now, the analyst comes out and doesn't mention a word about NG, and instead talks about how he's looking for China's GDP to be 8.3% for 2009 and 10.9% for 2010, thus driving metallurgical coal for steel use.

OIH now in the 98 handle.
Almost a 25% move in a month!
:eek:
 
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